Back to the list

Many people missing out on Fetch.AI token sale: 'Better luck next time'

chepicap.com 25 February 2019 15:11, UTC

After 68 million FET tokens available on the Binance launchpad were sold out in about 10 seconds, crypto Twitter is booming with reactions from community members. Some complains are popping up, but so far it appears as if there were no technical issues, supply was limited, and demand was high, therefore many could just be dissapointed about not being able to get any FET on time.

At about 14:40 GMT, Binance announced the completion of the token sale, and counted almost 20,000 successfully submitted buy orders:

#Binance Launchpad has completed the token sale of @fetch_ai (FET) tokens. Over 24,000 people pre-signed the User Agreement with 19,860 people successfully submitting a buy order.

Full details including the final sale numbers can be found below 👇https://t.co/LfdlupyQHN pic.twitter.com/HBfgLjr4ao
— Binance (@binance) February 25, 2019

However, out of those 20,000 only about 3,000 managed to get hold of some FET, as CZ admitted:

24000 people pre-signed the User Agreement, 19860 people successfully submitted a buy order, 2758 people got a piece. The first 22 seconds (not 10). https://t.co/eVQy741bhO
— CZ Binance (@cz_binance) February 25, 2019

At least 17,000 crypto investors were unable to purchase FET despite of having submitted buy orders, due to the high demand and the limited supply of the token sale. Many of them have taken upon Twitter to make claims about the situation, with CZ replying to some of their quarrels:

if we wanted to do that, we would simply list the token.
— CZ Binance (@cz_binance) February 25, 2019

The success in creating attention over the Fetch.ai token became evident even before the sale started, with many highlighted accounts discussing the event. Alexandre Dreyfus shared the following video, where what seems like a Chinese internet café is totally taken over by Binance users awaiting to receive some FET:

WOW - @binance Launch Pad hype :-) pic.twitter.com/3VBjWaxCi4
— Alexandre Dreyfus (@alex_dreyfus) February 25, 2019

In the light of such attention, Blockchain investor Ian Balina has said that it looks like Binance is becoming "the new NASDAQ and NYSE", while also wondering about the comeback of ICO's:

https://t.co/ysWJJhw1fm token sale on Binance Launchpad sells out in a flash. Are ICOs back? Looks like Binance is becoming the new Nasdaq and NYSE. Curious to see how this trades. If it's ROI positive then crypto winter is winding down in my opinion. 👍💯 $FET $BNB
— Ian Balina 🇺🇬🇺🇸 (@DiaryofaMadeMan) February 25, 2019

CZ appears to be aware that there have been many users of his exchange unable to purchase tokens from this month’s Launchpad sale:

For the majority of people who didn't get it this time, wish you better luck next time. Cheers.
— CZ Binance (@cz_binance) February 25, 2019

chepicap.com